Ethereum has surpassed Bitcoin in the number of active wallets, boasting 168 million non-empty addresses compared to Bitcoin's 58 million. This growth in Ethereum's user base is attributed to its expanding ecosystem in decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). Despite having fewer users, Bitcoin demonstrates stronger holder confidence, with only 2.94 million BTC held on exchanges, indicating accumulation by long-term investors. Data from Santiment and Glassnode highlight Bitcoin's shrinking exchange balances, suggesting a trend of holding rather than trading. Meanwhile, the ETH/BTC trading pair remains stable, reflecting Bitcoin's resilience in maintaining value despite Ethereum's larger user base.